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Trophy Office | NNN Leases & Strong ROI N16W23217 Stone Ridge Dr 63,940 SF 94% Leased Office Building Online Auction Sale Waukesha, WI 53188
Financing Available
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Investment Highlights
- RidgeView Office Center I presents a Class A office building standing at 94% occupancy by a mix of local tenants on NNN terms with a robust NOI.
- Conveniently located within the RidgeView Corporate Park in the Pewaukee neighborhood of Milwaukee, which is home to a growing list of employers.
- Featuring contemporary finishes with ample amenities such as manicured landscaping, abundant surface parking, and efficient floor plates.
- RidgeView Office Center I boasts a stable WALT of 4.64 years.
- Stabilized opportunity to invest in a high-occupancy, impeccably maintained office asset positioned for steady above-market rates over time.
- Ample on-site parking is available in the completely renovated parking lot, as well as secured 24-hour access and a new roof (Sept. 2025).
Executive Summary
Investors are invited to a passive investment opportunity to acquire RidgeView Office Center I, a fee-simple property comprising a three-story, 63,940-square-foot multi-tenant office building located in Waukesha, Wisconsin, within the Milwaukee MSA.
Redford Boulevard runs through the office park and is one of the city's major thoroughfares, allowing easy travel within and outside the city and convenient access to shopping centers with all the necessities. Commuting and traveling from Waukesha is a breeze, with easy access to Interstate 94 and Waukesha County Airport.
Conveniently located near Interstate 94 and Waukesha County Airport, ensuring smooth commutes and travel for tenants and visitors. The Ridgeview Parkway Offices is home to Class A, corporate tenants and is surrounded by mature landscaping. The subject building boasts a grand, two-story atrium lobby and efficient floor plates accentuated by modern finishes. Ample on-site parking is available in the completely renovated parking lots.
Waukesha, Wisconsin, boasts a robust, diversified economy, with strong sectors in manufacturing, healthcare, and retail. As of 2023, the city's workforce numbered approximately 40,900, with manufacturing employing around 7,479 individuals, healthcare and social assistance employing 5,485, and retail trade employing 4,594. Notably, the utilities sector stands out as the highest-paying industry, followed by public administration, finance, and insurance sectors. Waukesha's economy remains resilient, supported by a skilled labor force and a diverse industrial base.
Within a 10-mile radius of the offices, the population exceeds 391,930, with projected annual growth over the next five years, all of which contribute to the area's strong labor pool, thriving consumer base, and flourishing community.
Investors will benefit from the property's strategic location, significant 94% occupancy, and the area's ongoing appreciation driven by a growing community.
Property tours are by appointment only. Please contact the listing broker to schedule.
Redford Boulevard runs through the office park and is one of the city's major thoroughfares, allowing easy travel within and outside the city and convenient access to shopping centers with all the necessities. Commuting and traveling from Waukesha is a breeze, with easy access to Interstate 94 and Waukesha County Airport.
Conveniently located near Interstate 94 and Waukesha County Airport, ensuring smooth commutes and travel for tenants and visitors. The Ridgeview Parkway Offices is home to Class A, corporate tenants and is surrounded by mature landscaping. The subject building boasts a grand, two-story atrium lobby and efficient floor plates accentuated by modern finishes. Ample on-site parking is available in the completely renovated parking lots.
Waukesha, Wisconsin, boasts a robust, diversified economy, with strong sectors in manufacturing, healthcare, and retail. As of 2023, the city's workforce numbered approximately 40,900, with manufacturing employing around 7,479 individuals, healthcare and social assistance employing 5,485, and retail trade employing 4,594. Notably, the utilities sector stands out as the highest-paying industry, followed by public administration, finance, and insurance sectors. Waukesha's economy remains resilient, supported by a skilled labor force and a diverse industrial base.
Within a 10-mile radius of the offices, the population exceeds 391,930, with projected annual growth over the next five years, all of which contribute to the area's strong labor pool, thriving consumer base, and flourishing community.
Investors will benefit from the property's strategic location, significant 94% occupancy, and the area's ongoing appreciation driven by a growing community.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tour
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Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Financing Available - Terms Sheet
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Office
Building Size
63,940 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1998
Percent Leased
94%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
21,313 SF
Slab To Slab
14’
Building FAR
0.30
Lot Size
4.91 AC
Parcel Number
PWC-0956-999-012
Zoning
B-4 - Business Commercial
Parking
230 Spaces (3.6 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Controlled Access
- Security System
- High Ceilings
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Fl-Ste 1B
- 950 SF
- Office
- Full Build-Out
- Now
- 1st Fl-Ste 1C
- 1,035 SF
- Office
- Full Build-Out
- Now
- 2nd Floor
- 5,996 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 1B | 950 SF | Office | Full Build-Out | Now |
| 1st Fl-Ste 1C | 1,035 SF | Office | Full Build-Out | Now |
| 2nd Floor | 5,996 SF | Office | - | Now |
| 2nd Fl-Ste 2A | 1,428 SF | Office | Full Build-Out | Now |
1st Fl-Ste 1B
| Size |
| 950 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 1C
| Size |
| 1,035 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 5,996 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
2nd Fl-Ste 2A
| Size |
| 1,428 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
2nd Fl-Ste 2A
| Size | 1,428 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Demographics
Demographics
1 mile
3 mile
5 mile
2025 Population
953
38,254
122,384
2020 Population
940
37,169
117,718
2030 Population
970
39,108
125,384
2025-2030 Projected Population Growth
1.8%
2.2%
2.5%
Daytime Employees
6,887
56,110
96,231
Total Businesses
564
4,652
9,133
Average Household Income
$110,266
$104,021
$112,550
Median Household Income
$91,855
$79,653
$86,934
Total Consumer Spending
$13.1M
$516.3M
$1.7B
Median Age
46.6
42.5
42.1
2025 Households
396
16,797
51,746
Percent College Degree or Above
32%
28%
29%
Average Home Value
$431,028
$414,646
$424,437
Sale Advisor
Sale Advisor
Vannessa Machado
Vannessa has worked in various sales roles. She also enjoys helping her husband in his business ventures, and as a fellow Real Estate Agent, He is her favorite team partner. Her passion for sales and her desire to always help others encouraged Vannessa to make the career change into Real Estate. Vannessa speaks three languages (Spanish, English, and Sign Language). She loves helping people and volunteering.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Molly Patten
Contact
Auctioneer License:
Ten-X, LLC Arlene Richardson RE Brkr 937838-91 Ten-X Auction Firm 481-53 Samantha Corbat Auctioneer 4028-52
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Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
Presented by
Metro Brokers - Duane Reed
Trophy Office | NNN Leases & Strong ROI | N16W23217 Stone Ridge Dr
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Trophy Office | NNN Leases & Strong ROI | N16W23217 Stone Ridge Dr
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